The President of the Republic: Iraq doubled its oil production to 4.7 million barrels during the past 10 years
The President of the Republic: Iraq doubled its oil production to 4.7 million barrels during the past 10 years
2024-03-02 03:59
Shafaq News/ President Abdul Latif Jamal Rashid said on Saturday that the Iraqi Ministry of Oil increased crude production to 4.7 million barrels during the past 10 years.
Rachid said in his speech during the seventh summit of heads of state and government of the Gas Exporting Countries Forum – Algeria, “It has become clear that the world needs stability in the energy sector and confidence in this stability, just as it needs energy itself.”
He added, “Global efforts are still focused on achieving a balance between energy security and reducing emissions, and energy shortages are no less harmful than the effects of warming on human beings. There are nearly a billion people in the world who lack access to energy sources.”
Rashid also pointed out that “despite all the challenges, the Ministry of Oil in Iraq doubled its production to (4.7) million barrels during the past ten years, so that Iraq alone contributes to a fifth of the global increase in production achieved.”
He added, “We have launched projects complementary to the fifth round and the projects of the sixth round, most of which are promising gas fields,” confirming the Cabinet’s approval of the recommendations for establishing a liquefied gas platform in the Grand Al-Faw Port, which is the first of its kind in the country in order to enhance energy security and diversify its sources.
The President of the Republic continued, “We are also taking deliberate steps to exploit gas, and before the end of the year 2023 a gas project has been operated,” noting that “this year the Ministry is currently making great efforts to launch more than one gas project in multiple regions of Iraq.”
shafaq.com
